UAL Asks Unions to Accept
Pay Cuts to Avoid Chapter 11

UAL Corp., struggling to avoid a trip to bankruptcy court, said it is asking labor for $1.5 billion in annual wage concessions for six years.

UAL, parent of United Airlines, is asking its mechanics and ramp workers to surrender $450 million in annual wages and benefits. The carrier is asking mechanics to accept an immediate 10.4% pay cut. Ramp workers are being asked for an immediate 9.5% pay cut. The 35,000 workers, who are...